Describe activities in organization or other organizations that result in economies of scale and economies of scope

Describe activities in organization or other organizations that result in economies of scale and economies of scope

Describe activities in organization or other organizations that result in economies of scale and economies of scope. Explain the economic benefits of these activities for the organization. Make sure you explain each of the concepts.

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Economic of scales is described as the cost advantage experienced by an organization as a result of an increase in its output level. It defines the reduction in average costs attributed to an increase in production volumes. There are external and internal economies of scale in an organization. External economies……………………………………..